# FEDERAL COURT ENTERS JUDGMENTS AGAINST MICHIGAN AND NEW JERSEY RESIDENTS AND TWO PANAMANIAN COMPANIES IN MARQUIS COMMODITY POOL FRAUD CASE; Court Orders Payments To Customers And Penalties Totaling More Than $2.5 Million

> CFTC release 5096-05 · 2005-06-30 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5096-05
- **Release date:** 2005-06-30
- **Type:** Fraud
- **Title:** FEDERAL COURT ENTERS JUDGMENTS AGAINST MICHIGAN AND NEW JERSEY RESIDENTS AND TWO PANAMANIAN COMPANIES IN MARQUIS COMMODITY POOL FRAUD CASE; Court Orders Payments To Customers And Penalties Totaling More Than $2.5 Million
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5096-05

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5096-05, "FEDERAL COURT ENTERS JUDGMENTS AGAINST MICHIGAN AND NEW JERSEY RESIDENTS AND TWO PANAMANIAN COMPANIES IN MARQUIS COMMODITY POOL FRAUD CASE; Court Orders Payments To Customers And Penalties Totaling More Than $2.5 Million", 2005-06-30. Retrieved via AI Analytics 2026-07-23 from https://api.ai-analytics.org/cftc-action/5096-05.

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